Future Lifestyle Fashion stock analysis and share latest news | Future Group | FLFL
Future Lifestyle Fashion Limited is part of Future Group companies founded by Kishore Biyani.
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The Future Lifestyle Fashion Company is an integrated fashion company with presence across key segments within the fashion industry i.e. design to distribution. Future Lifestyle Fashion Company’s business has been designed to capture the trend of consumers getting more attuned to fashion and brand preferences. Future Lifestyle Fashion have a portfolio of fashion brands that cover the entire gamut of sub-categories including formal menswear, casual wear, active or sportswear, women’s ethnic wear, women’s denim wear, women’s casual wear, footwear and accessories and are present across various price points.
Future Lifestyle Fashions sets the trend for Indian lifestyle fashion business through integrating some of India’s most popular lifestyle retail destinations like Central, Brand Factory and Planet Sports and over 20 domestic and global fashion brands.
- Central
- Brand Factory
- Planet Sports
FLF house leading domestic and foreign brands across men’s, women’s and kid’s wear; footwear and accessories. While many of these brands were fashioned by us over the past decade, Future Lifestyle Fashion also have exclusive licences from multinational entities and joint ventures with global brands.
- Lee Cooper
- Champion
- ALL the plus size store
- Turtle, Clarks
- Mother Earth
- Tresmode
- Mineral
- Indigo Nation
- Scullers
- John Millers
- Rig
- Coverstory
- DJ&C
- Buffalo
- Hey
- Converse
- Bare
- Clarks
- Holii
- UMM
- Urban Yoga
- Jealous 21
- Desi Belle
- Minimal sourcing from China and neighboring countries
- Mitigation plans are in line to ringfence any adverse
| Particulars | Apparel | Footwear | Total |
|---|---|---|---|
| Domestic | 96% | 65% | 92% |
| China | 0% | 15% | 2% |
| Other countries | 4% | 20% | 6% |
| Total | 100% | 100% | 100% |
Future Lifestyle Fashion Stock Price
Rs 150
Shareholding %
| Standalone | March 2020 | March 2019 | |
|---|---|---|---|
| Promoters | 45.78 | 53.48 | |
| Pledged | 99.78 | 23.15 | |
| FII/FPI | 22.75 | 15.09 | |
| Total DII | 25.11 | 24.55 | |
| Fin.Insts | 0.05 | 0.06 | |
| Insurance Co | 7.02 | 4.32 | |
| MF | 4.8 | 5.35 | |
| Others DIIs | 13.24 | 14.82 | |
| Others | 6.35 | 6.9 |
| 7(2) | RYKA COMMERCIAL VENTURES PRIVATE LIMITED | Equity Shares | 7,54,41,490 | 7,97,03,93,419.00 | Pledge | 17-Apr-2020 12:56 |
Directors of Ryka Commercial Ventures Private Limited are Luv Dinesh Parikh, Keshav Biyani Vijay, Rakesh Gopikishan Biyani, .
Luv Dinesh Parikh is a Managing Director in Blackstone’s Tactical Opportunities Group in Singapore.
Rakesh Gopikishan Biyani is one of founder of Future Group, Also Keshav Biyani Vijay is part of Fututre Group.
Funds managed by Blackstone have invested ₹1,750cr in September, 2019
To fully align with promoter group, Blackstone has ringfenced promoter holding from further dilution .
PremjiInvest buys 3.26% stake in Future Lifestyle for Rs 196 cr
Future Lifestyle Fashion Finance
| Quarterly | DEC 2019 | SEP 2019 | DEC 2018 |
|---|---|---|---|
| Sales | 1,742.23 | 1,571.81 | 1,692.45 |
| Other Income | 11.06 | 11.24 | 12.43 |
| Total Income | 1,753.29 | 1,583.05 | 1,704.88 |
| Total Expenditure | 1,598.05 | 1,487.58 | 1,579.20 |
| EBIT | 155.24 | 95.47 | 125.68 |
| Interest | 66.35 | 74.77 | 27.92 |
| Tax | 27.90 | 9.03 | 32.03 |
| Net Profit | 60.99 | 11.67 | 65.73 |
Valuation
Market Cap (Rs Cr.) – 3,028.64
P/E – 17.80
Book Value (Rs) – 81.96
EPS (TTM) – 8.44
Dividend (%) – 70.00
FLFL downside:
- Debts.
- Short term impact on business due to COVID situation.
FLFL upside:
- Profitable company
- Dividend yielding
- Reliance, Premji and Samara Capitals are contending for stakes
Conclusion
Future Group is selling some of it’s units to Mukesh Ambani’s Reliance Industries Limited. Market sentiments are expect to be similar to Alok Industries once the deal is officially finalized.
Also, on taking complete look into valuation of the company and current trading price, it is expected to undervalued. Which brings in buying opportunity.
Disclaimer: These is only for educational purpose don’t use this information for investment, contact your financial advisor and make your own assessment before making any investment.